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EVERTEC (EVTC) COO reports RSU vesting grant and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

EVERTEC, Inc. Senior Executive Vice President and Chief Operating Officer Joaquin A. Castrillo-Salgado reported equity compensation activity tied to restricted stock units. The Form 4/A amends an earlier filing only to correct his officer title.

On March 3, 2026, he acquired 31,163 shares of common stock at $28.35 per share as fully vested stock from performance-based RSUs originally granted on February 24, 2023, which were earned based on 2023 adjusted EBITDA and a three-year total shareholder return modifier. On the same date, 17,931 shares were withheld by EVERTEC to cover his tax liabilities related to the vesting of several performance- and time-based RSU awards. Following these transactions, he directly owned 94,440 common shares.

Positive

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Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Castrillo-Salgado Joaquin A.

(Last) (First) (Middle)
PO BOX 364527

(Street)
SAN JUAN PR 00936-4527

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EVERTEC, Inc. [ EVTC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior EVP & COO
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 03/03/2026 A 31,163(2) A $28.35 112,371 D
Common Stock 03/03/2026 F 17,931(3) D $28.35 94,440 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This Form 4/A is being filed only to correct the Reporting Person's Officer title from Executive Vice President and Chief Financial Officer in the Form 4 previously filed today to Senior Executive Vice President and Chief Operating Officer.
2. Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs"), which were originally granted on February 24, 2023 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2023, subject to a total shareholder return modifier over a three-year performance period.
3. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 11,176 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 2,129 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 2,165 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 2,461 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
Remarks:
/s/Adriana Velez Rivera by Power of Attorney 03/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did EVERTEC (EVTC) report for Joaquin A. Castrillo-Salgado?

EVERTEC reported that Joaquin A. Castrillo-Salgado received 31,163 shares of common stock from vested RSUs and had 17,931 shares withheld to cover tax liabilities, leaving him with 94,440 directly owned shares after the transactions.

Why was this EVERTEC (EVTC) Form 4/A filed as an amendment?

The Form 4/A was filed to correct Joaquin A. Castrillo-Salgado’s officer title, changing it from Executive Vice President and Chief Financial Officer to Senior Executive Vice President and Chief Operating Officer. The underlying share amounts and transactions remained the same.

How did Joaquin A. Castrillo-Salgado acquire 31,163 EVERTEC (EVTC) shares?

He acquired 31,163 EVERTEC common shares as fully vested stock from performance-based RSUs granted on February 24, 2023, earned based on 2023 adjusted EBITDA performance and a three-year total shareholder return modifier.

What is the purpose of the 17,931 EVERTEC (EVTC) shares disposed of in this filing?

The 17,931 shares reported as a disposition were withheld by EVERTEC to satisfy Joaquin A. Castrillo-Salgado’s tax liabilities arising from the vesting of multiple RSU awards, rather than being sold on the open market.

How many EVERTEC (EVTC) shares does Joaquin A. Castrillo-Salgado own after these transactions?

After the grant and tax-withholding transactions, Joaquin A. Castrillo-Salgado directly owns 94,440 shares of EVERTEC common stock. This figure reflects his updated direct ownership position as of the March 3, 2026 transactions.

Which RSU grants were involved in the tax withholding in this EVERTEC (EVTC) Form 4/A?

Tax withholding covered RSUs granted on February 24, 2023, February 29, 2024, and February 28, 2025. EVERTEC withheld shares from each vesting to pay Joaquin A. Castrillo-Salgado’s tax obligations associated with those RSU awards.
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